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23(1)The securities are investments of a specified kind creating or acknowledging indebtedness issued by or on behalf of a public authority.
(2)“Public authority” means—
(a)the government of the United Kingdom;
(b)the government of any country or territory outside the United Kingdom;
(c)a local authority in the United Kingdom or elsewhere;
(d)any international organisation the members of which include the United Kingdom or another EEA State; and
(e)such other bodies, if any, as may be specified.
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